Build your dream home on 1.76 acres (4 lots) with assoicaton access on Lake Somerset with boating priveleages! Enjoy the assoication parks, playgrounds, fireworks, picnics and so much more!
Property Details
Property Features
Listing Office:
Office Name: Foundation Realty, LLC - Manitou Beach
Office Phone: (517) 252-5523
Listing Agent: Holly Griewahn
Exterior Features
Exterior Information:
Waterfront: Lake Privileges
Lot Features
Lot Information:
Lot: Cleared
Lot Size: 1.76 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $49,900
HOA Fees:
Amount: $720
Frequency: Annually
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Cement City, MI.
This property is $240K less than the Median Sold Price in Cement City, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Lenawee County Association of REALTORS
MLS Number: #56050137496
Listing Office:
Office Name: Foundation Realty, LLC - Manitou Beach
Office Phone: (517) 252-5523
Listing Agent: Holly Griewahn
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$377
Per Month
Principal & Interest
$250
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$60
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$216
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Addison Elementary School
219 N Comstock St
Distance between this listing and this school4.80 miles
Public District Grades KG-5
6
/10
Columbia Upper Elementary School
321 School St
Distance between this listing and this school8.42 miles
Public District Grades 3-6
4
/10
Hanoverhorton Elementary School
131 Fairview St
Distance between this listing and this school8.95 miles
Public District Grades PK-5
Nearby Schools
6
/10
Addison Middle School
219 N Comstock St
Distance between this listing and this school4.79 miles
Public District Grades 6-8
5
/10
Hanoverhorton Middle School
10000 Moscow Rd
Distance between this listing and this school8.07 miles
Public District Grades 6-8
4
/10
Onsted Middle School
10109 Slee Rd
Distance between this listing and this school10.55 miles
Public District Grades 6-8
Nearby Schools
5
/10
Addison High School
219 N Comstock St
Distance between this listing and this school4.78 miles
Public District Grades 9-12
3
/10
Columbia Alternative Education
4460 N Lake Rd
Distance between this listing and this school5.84 miles
Public District Grades 6-12
7
/10
Columbia Central High School
11775 Hewitt Rd
Distance between this listing and this school6.13 miles
The neighbors living near this home have an average income of $74,366. Residents of Cement City, MI typically earn between $35k-100k each year. The majority of families are married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 10314 Ferris
What is the listing price of this property?
The listing price of 10314 Ferris property is $49,900.
What type of property is this?
The property 10314 Ferris is land located in Somerset, Michigan, 49233.
Is this property for sale now?
Active Listing: 10314 Ferris is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 10314 Ferris in Somerset, MI and zip code 49233. This home sits on a 1.76 acre lot. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $49,900.
In November 2024, from all listings sold in Cement City, MI there were more than 0 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price. The number of homes for sale in Cement City, MI decreased by 53.3% between October 2024 and November 2024. The median list price of listings available in November 2024 was $289,900, while the average time on the real estate market was 43 days.
From Rocket Homes Real Estate and based on county public records data.